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Krispy Kreme Doughnuts, Inc. (KKD) operates as a branded retailer and wholesaler of doughnuts, beverages, and treats and packaged sweets.
The company operates through four segments: Company Stores, Domestic Franchise, International Franchise, and KK Supply Chain.
It owns and franchises Krispy Kreme stores. As of June 10, 2015, the company had approximately 1,003 Krispy Kreme shops worldwide.
It also produces doughnut mixes and doughnut-making equipment.
Shares have formed a bullish "flag" after the company reported strong quarterly results earlier this month. Krispy Kreme Doughnuts shares soared 14% on June 11th after the company posted first quarter earnings per share $0.24, beating the Consensus Estimate of $0.21. U.S. same-store sales rose 5.2 percent in the quarter, beating the 1.4 percent average estimate of analysts. Krispy Kreme has fueled growth by adding espresso and smoothie drinks and opening more stores. After increasing its store count by 17 percent in the first quarter, the chain now has 1,003 locations worldwide. The company is focused on opening smaller stores that don’t make doughnuts on the premises and are cheaper to build.
Higher share prices are expected for this stock.
52-Weeks Trading Range: $14.82 - $22.32
Entry Point: $19.70
Stop Loss: $18.70
Target Price: $21.70
KKD closed at $18.60
